richest towns in connecticut

California was the most represented with 23 cities and towns making the list. The average value of a home is just under $800,000, which is on par with the average household income. The town center village is listed as a historic district on the National Register of Historic Places. Theres a reason this state is one of the richest in the country. Essex Village, CT Annual household income: $172,302, 12. In todays world of language everything has an acronym dreamed up by some marketing or English major who feels the need to make everything, Read More Tips on How to Use a HELOC To Buy Real EstateContinue, Tucked in between North America and South America, the 20 countries that make up Latin America cover an enormous range of landscapes, climates, cultures, and traditions. Most of the properties in Riverside are primarily owner-occupied (80%) with only 20% rentals. The bright side? New Canaan has a small-town feel with big-city amenities. Fairfield County's Norwalk, CT is the third richest city in the Nutmeg State. Newtown Borough is being credited as the richest town in the state of Connecticut. The unemployment rate is 3%, which beats the state average by 4.1%. The oldest towns in Connecticut are perfect places to visit for those who love learning about history. Want to learn more about Riverside? What you might love just a little less is how excruciatingly expensive it is to live here although theres an (admittedly very small) selection of housing options on the reasonable end of the spectrum, there are enough hugely expensive properties to push the median home value to a whopping $1,355,800. Redding, CT Annual household income: $140,995, 15. Rentals are much higher than most, with an average of $2,443 per month for non-homeowners. The town also boasts one of the best school systems in all of Connecticut! Connecticut’s per capita income was $44,496 in 2019, according to estimates. Dariens median home value is $1,654,00. Its a small town of 10,354. Greenwich is synonymous with luxury real estate and wealth. There are also many beautiful parks and green spaces throughout town. Old Greenwich Annual household income: $222,794, 2. Milford grabbed the top place in this list of richest cities. Her academic degrees include AA social Sci/BA English/MEd Adult Ed & Community & Human Resource Development and ABD in PhD studies in Indust & Org Psychology. The largest city in Litchfield County, Torrington, grabs the number eight spot. The average price of a home is $611,500, nearly three times the national average. It also has a number of highly rated public and private schools, which can be a major plus for families with children. The average commute time from home to work is 35.7 minutes. Redding has a median home sales price of $1,030,000 and a median household income of $138,125. The schools are among the best in the state, making them the ideal place to raise a family. It is a very safe town surrounded by greenery. According to the report, the four towns are Darien, Old Greenwich, Riverside, and . The crime rate is practically non-existent, the median income is a stonking $139,122, the schools are some of the best in the state, and despite its relatively small size, it has a huge selection of restaurants, shops, cafes, and recreational venues to enjoy. If you like close-knit communities with family-friendly vibes, well-respected schools, beautifully maintained parks, top-notch libraries, world-class restaurants, and a host of activities to get involved in (parades, festivals, pop up art exhibitions, shows the list goes on), then youre going to love New Canaan. Inflation-adjusted household income is one of the factors. People who suffer from the pain and discomfort of arthritis can improve their symptoms by avoiding certain climates. What determines the overall wealth of a city? In Old Greenwich, homes are primarily owner-occupied (84%) and only 16% of homes in Old Greenwich are rentals. Weston Profile Page with Infographics. Residents enjoy a short train ride to New York City for shopping and entertainment, then return to the safety and comfort of this beautiful community. Darian is one of the richest towns in Connecticut with a median household income of nearly $243,750. 20. The homes in Darien are primarily owner-occupied (87%) with only 13% rentals. Look here. Married families in Ridgefield average an annual household income of 182,679, but the average is over $206k. The third on the list is Westport. It is located about 29 miles northeast of New York City, offering residents an easy commute to the city. Most residents have at least a bachelors degree or higher and drive an average of 42 minutes to get to work. Not that there isnt more to it than that with a vibrant food scene, a charming historic district, gorgeous parks, and a great selection of shops, it offers premium living at an admittedly premium price tag. Not to mention, if youre looking to get your kid into a university that produces more millionaires than the Connecticut Lottery, theres the University of Connecticut in Storrs and Yale University in New Haven. This site uses Akismet to reduce spam. Other factors influencing the ranking of this city included an unemployment rate of 6.6% and a poverty rate of 7.1%. The second wealthiest town in Connecticut is Riverside. Research has shown that the climate of a location does have an impact on persons with moderate, Read More The 20 Worst Places to Live if you Have Arthritis in The U.S.Continue, If your dream is to live or explore in the wealthiest neighborhoods, California is the state for you. The median home value in Easton is over $772,758 making it one of the most expensive places to live in Connecticut. The poverty rate is remarkably low at 1.12%, with median rent at $1,832 per month. Gov. DARIEN, CT Darien is the wealthiest town in Connecticut, where the median household income is more than $200,000, according to a new report. 87% of the residents own their homes, and just 13% rent. Until the federal government takes its regulatory role seriously and uses the big stick that it has, corporations will attempt to self-regulate M&T urged to end 'banking desert' in Bridgeport neighborhoods, 'Candlewood' horror movie drops trailer inspired by local urban legends, Four Fairfield businesses fail February health inspections, Warrant: Ex-New Fairfield 'lunch lady' sent nude images to student on Snapchat for months before sex assault, Police make up 19 of Trumbull's top 20 highest paid employees, Former CT girls soccer coach pleads guilty to sexually assaulting player, Bridgeport man broke into Norwalk homes while families slept inside, warrants said, The Best Private High Schools Near Stamford, The Best Private Preschools Near New Haven, Guide to Legal Cannabis Dispensaries in CT, Why CT waits for $95 million from OxyContin maker Purdue Pharma, HUSKY Health is helping immigrants. If you plan to buy a home in the city, the median home value is $330,100. The average renter pays $2,336 per month. Its a great place to raise kids, with top-rated schools and safe streets. The schools are excellent and the town is beautiful, with tree-lined streets and old-fashioned townhouses. The city is within a short distance of New York City, which offers residents all the amenities of the big city without the need to live there. HomeSnacks is reader-supported. There are also plenty of parks throughout the town including Waterside Park which offers a great view of Long Island Sound as well as tennis courts and playgrounds for children. The average home value is $1,561,200, with 84% of the residents owning their own homes. However, it is true that overall, the Nutmeg State is richer than most. And out of all the towns in Connecticut, none are wealthier than Greenwich in Fairfield County. Weston, CT Annual household income: 222,535, 3. The upside to all those sky-high prices is a median income that ranks as one of the highest in the state. As of the 2020 census, the population was 1,710. After Riverside and Greenwich, the next four richest towns are Darien ($599,920), New Canaan ($532,440), Old Greenwich ($530,250), and Rowayton ($422,210). In terms of per capita income, Connecticut is the richest state in the United States of America. Westport is one of the richest towns in Connecticut with a median household income of $222,375. Its also very well educated, with over half of its residents having a college degree. A relatively small town, it offers the opportunity of doing great outdoor activities. Home to some of the most affluent residents of Connecticut, Darien has a median household income of $232,523. Well, according to the latest Census data, the richest place in The Nutmeg State is Shelton. New Canaan is expensive, even by Connecticut standards: The median home value is $1.9M, compared to $350,897 for the state overall. The median household income is $99,791, and the average home price is $672,000. As one of the Nutmeg state's oldest towns, it also represents one of the richest. Related: The 10 Wealthiest Cities In New York. The staggering low unemployment rate for 2022 is 0.4%, far below the county, state, and national averages for unemployment rates. The remaining six wealthy Connecticut communities, all in Greenwich, in order are. The most charming small towns in Connecticut are perfect for a day trip or a new home. Thats right, folks, the Gold Coast didnt get its name because gold was found on Connecticuts beaches. Southport is an affluent town in Connecticut. Lidia Ryan is the managing editor of trending and features for Hearst Connecticut Media Group and is part of the digital team. After we collected the data for all 21 places with more than 9,000 people in Connecticut, we ranked each place from 1 to 21 for each of the criteria, with 1 being the richest. 25 Wealthiest Towns in the New York Suburbs, What are the Highest Paying Jobs in New York? As at 2019, Connecticut had a per capita income of $44,496. She finds almost all topics she writes about interesting, but her favorite subjects are travel and food. Suburbs 101 confirms that Riverside is a wealthy suburb of the Town of Greenwich. Just 16% of the homes are rentals. The town is home to many Fortune 500 companies such as General Electric and Terex Corporation. Westport is a very desirable place to live as it ranks highly for safety. 4.2% of public school students are eligible for free or reduced lunch, and test performance in the public schools for Redding is excellent. . By Joselynn Chua / February 27, 2023. Here are the wealthiest towns in Connecticut. Want to know where Connecticuts 17 billionaires and 122,000 millionaires live? 10. However, depending on the neighborhood, you can also find more affordable housing. The town is also home to many hedge fund managers, bankers, and lawyers. The fourth wealthiest town in Connecticut is Old Greenwich. The 20 Richest Towns in Connecticut in 2022; Liz Flynn. The town has a high concentration of people from New York City who commute to work here by train or car. Wilton, CT Annual household income: $193,292, 9. Living there isnt cheap, though. Its a peaceful town thats a great place for people who want to get away from hectic city life and enjoy nature. Love Connecticut? Fairfield County town is one of the most desirable places to live if you have the financial means. Westport residents are well educated with 78% of residents having obtained a bachelors degree or higher. If youre thinking about moving to Austin and youre single without a family or spouse, you might find some neighborhoods, Read More The 10 Best Places to Live in Austin for SinglesContinue. With a population of 20,622 inhabitants, the average income per household is $145,244. Renting is a little cheaper, but not by much expect to part with around $1,886 per month for an apartment. Darien residents are well educated with 83% of residents having obtained a bachelors degree or higher. Here are the 10 richest places in Connecticut for 2023: Shelton Milford Stamford Naugatuck Bristol Danbury Norwalk Middletown Norwich West Haven With fancy city names like Windsor and Danbury, Connecticut seems to ooze wealth around every corner. Rich people not your cup of tea? West Simsbury, CT Annual household income: $109,590, 19. Riverside Profile Page with Infographics. Renters pay an average of $1,361 per month. Norwalk, CT, USA 4. The climate is better for persons with allergies, asthma, and other respiratory conditions. Southports location near New York City also makes it attractive for commuters working there. Heck, the competition for the top ten richest places in The Constitution State was quite fierce, so to narrow down our list we decided to look at the 21 Connecticut cities with at least 9,000 residents. Chris Kolmar has been in the real estate business for almost ten years now. A median income that sits at a mammoth $352,839. With a median household income of $129,919, it is home to approximately 25,033 people. Southport, CT Annual household income: $310,831, The 10 Best Places to Live in Austin for Singles, The 20 Safest Places To Live in Tennessee, Tips on How to Use a HELOC To Buy Real Estate, The 20 Best Places to Live in Latin America. The unemployment rate is low compared to the state average, and commuters spend an average of 44 minutes driving to work. Darien is a small town on Connecticuts gold coast that is home to approximately 6,759 people. On the plus side, the median income of $190,227 is equally jaw-dropping. Its among the top ten. How Much Are Closing Costs in Texas & Who Pays Them. All of this combines to make the local housing market expensive. The median income in this city is $81,634. However, if you want to experience a slower rhythm of life in one of the richest towns in Connecticut, youll need to be prepared to pay up, as home prices are costly. Its not difficult to find a home to buy or rent, as there are 3,122 homes in the town, with just 2,935 currently occupied. California was the most represented with 23 cities and towns making the list. The local school system is also amongst the best in the state. The 20 most affluent places, based on places with available data, all had household incomes above $485,000. Only 4% of the homes in the community are available for rent. Both coasts have some, Read More The 10 Best Places to Live on the West Coast of FloridaContinue, Massachusetts is one of the most remarkable states in America. Weston is one of the most affluent towns in Connecticut with winding country roads and highly regarded schools. Its also one of the wealthiest towns in Connecticut, with a median annual income per family of $180,057. Its a haven for New Yorks very rich to escape the hustle and bustle of big money firms and agencies. But its worth it because Connecticut has some of the best opportunities for employment with the states overall unemployment rate holding steady with the national rate. This is our tenth time ranking the richest cities in Connecticut. The first European settlement was established there in, Read More The 20 Best Places to Live in MassachusettsContinue, Already in the first quarter of 2016, vacation rental startup companies have attracted almost $100 million in investments across the United States and Europe. Its a great place for families and young professionals to live. The town has the highest percentage of residents who are wealthy, at about 30 percent. The unemployment rate is lower than the state rate of 4.1% and the national rate of 3.9%. Check them out: What are the oldest towns in Connecticut? The town is partly in Hartford County, with some areas in Middlesex County. Known for its luxury waterfront homes, Old Greenwich has a median sales price of $2,063,000. 78% of them have at least a bachelors degree. >> Click through to see how each CT spot ranked as well as each household income average. Use Next and Previous buttons to navigate. As the name implies, Southport is a port city that is situated on the coast. All rights reserved. You can download the data here. Dana has extensive professional writing experience including technical and report writing, informational articles, persuasive articles, contrast and comparison, grant applications, and advertisement. Westport is one of the wealthiest towns in Connecticut. With an average household income of $236,892 per year, it is one of the richest towns in the state. Westport is one of the richest towns in Connecticut with a median household income of $222,375. It has a population of 27,141. Riverside residents are well educated with 73% of residents have obtained a bachelors degree or higher. The result? Save my name, email, and website in this browser for the next time I comment. The town is full of greenery and offers residents a tranquil vibe. Four of the top 20 are places in New York, including Brookville village. Its also home to the states only national historic site, Weir Farm. 83% of the residents have a bachelors degree or higher, and the unemployment rate is low. Connecticut is no ones idea of a poor state. When Does a Seller Get Their Money After Closing on a House? Test performance scores in public schools are above average, slightly lower than in Ridgefield. Theres no law saying you have to be rich to live in Fairfield, but it does help, especially if you want to buy a property at some point. As to which are the very wealthiest, find out now as we count down the 10 richest cities in Connecticut. Connecticut has for many years been labeled the richest state in the nation because of its highest-in-the-nation per capita income, but that may be rapidly changing according to figures from the U.S. Bureau of Economic Analysis. The 2010 Census revealed a growth from 6.751 residents to 7,150, showing that the town is gaining its population base. The average income per family is $130,268, and home prices range anywhere between $500,000 to $2 million. Its got a population of just over 20,249 (2020) people, but it feels much smaller than that. The high demand is getting harder to find places for sale. Contact: nclunan@onlyinyourstate.com, The Cafeteria With Some Of The Best Home-Cooked Food In Connecticut, See Mermaids In Real Life Right Here in Connecticut At The Mystic Aquarium, This Rustic Restaurant In Connecticut Serves Up Heaping Helpings Of Country Cooking, The Terrifying, Deadly Plane Crash In Connecticut That Will Never Be Forgotten, Here Are The 8 Poorest Cities In Connecticut, Here Are The 10 Cheapest Yet Great Places To Live In Connecticut, The 9 Most Dangerous Cities in Connecticut, Here Are The 9 Most Dangerous Places In Connecticut After Dark, Whittemore Glen State Park in Naugatuck, Connecticut, Bluff Point State Park in Groton, Connecticut. The community is known for being tight-knit with safe streets, low unemployment rates, and top-notch schools. America's wealthiest people are starting to move into smaller cities, a new wealth report says. There are also several public parks located throughout Fairfield that offer great recreational opportunities such as tennis courts, baseball fields, basketball courts, and playgrounds for kids! Easton is a cute little city located just a short hop, skip, and a jump away from the amenities and attractions of the New York City metro area. It's also one of the most expensive places to live in the country, with a median home price of over $1.5 million. United States locations by per capita income, List of Connecticut locations by per capita income, United States counties by per capita income, "U.S. Census Bureau QuickFacts: Connecticut", "SELECTED ECONOMIC CHARACTERISTICS 2011-2015 American Community Survey 5-Year Estimates", "Profile of General Population and Housing Characteristics: 2010 Demographic Profile Data", U.S. states and territories by per capita income, List of United States counties by per capita income, Highest-income counties in the United States, Highest-income metropolitan statistical areas in the United States, Highest-income urban areas in the United States, Highest-income ZCTAs in the United States, Lowest-income counties in the United States, https://en.wikipedia.org/w/index.php?title=List_of_Connecticut_locations_by_per_capita_income&oldid=1133314595, Short description is different from Wikidata, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 13 January 2023, at 05:01. Weston residents are well educated with 78% of residents having obtained a bachelors degree or higher. Avon is the home of 1,206 entrepreneurs. 9. If more people are employed, the richer the future looks. Only 16 states were represented in the top 100. Shelton. Connecticut is home to some of the wealthiest people in America. In fairness, the high prices arent unjustified. It is also one of the most diverse towns in the state, with over 50% of its residents being foreign-born. Read More The 20 Safest Places To Live in TennesseeContinue, If you dont know what a HELOC is, dont feel stupid. View Map of 25 Poorest Zipcodes in Connecticut. Related: The 10 Wealthiest Cities In Missouri. The 20 Worst Places to Live if you Have Arthritis in The U.S. Related: The 10 Wealthiest Cities In California. Keep reading. 6. Its a medium-sized town that has grown to become one of the most desirable places to live in Connecticut. Liz Flynn has worked as a full-time writer since 2010 after leaving a career in education. Located in Fairfield County, Darien residents have it all- pristine beaches, private Country Clubs and Yacht clubs, a charming downtown, and an easy train ride to NYC. The median income is $80,896. Groton rounds out the list of richest cities in the number ten spot. On top of all these benefits, Westport is also an attractive place for people who want to start businesses because they can get affordable office space and high-quality amenities like restaurants and nightlife. The town has a population of about 10,278 (2020) people and has a median age of 42 years old. When you learn that the average cost of a single-family home is $1,150,400 and the median income is $206,466, youll be left in no doubt. Its a city of high-earners who live the high life enjoying their private yacht and country clubs, with access to the citys pristine beaches. It is an affluent community with a population of 18,503 people, and 75.1% of its residents have attained a bachelors degree or higher, reflecting an educated community. The 10 Best Places to Live on the West Coast of Florida, The 20 Best Places to Live in Massachusetts, Where $100 million in Vacation Rental Startups is Going, The 10 Cheapest Places to Live in Colorado, Eight Reasons to go to French Polynesias Marquesas Islands, How Lisa Rinna Achieved a Net Worth of $10 Million, 20 Cities with The Worst Weather in Europe, How Zac Stacy Achieved a Net Worth of $6 Million.

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